Market Research Report
Clean Energy Technologies Market in China 2019-2023
|Clean Energy Technologies Market in China 2019-2023|
Published: February 4, 2019
TechNavio (Infiniti Research Ltd.)
Content info: 129 Pages
Delivery time: 1-2 business days
The government of China is implementing measures such as continued renewables deployment and fast coal-to-gas switching to reduce carbon emissions. According to the plan, the government will increase the installed capacity of geothermal power generation and also raise the total geothermal heating (coding) area to 1.6 billion square meters by 2020. Hence. the adoption of clean energy technologies is expected to grow significantly during the forecast period. boosting the growth of the clean energy technologies market in China. Technavio's analysts have predicted that the clean energy technologies market in China will register a CAGR of over 8% by 2023.
There has been a significant rise in the adoption of clean energy technologies in China owing to government regulations to reduce carbon emissions. The proliferation of clean energy technologies is further boosted by the rise in investments.
Clean energy technologies such as clean coal technology involve significant capital expenditure. Solar and wind power are heavily dependent on the subsidies provided by government agencies. In the absence of subsidies, the cost of power generation from renewables is significantly high. As a result, several solar power projects have been halted in China, as the power producers do not find it profitable to produce solar energy in the absence of subsidies.
For the detailed list of factors that will drive and challenge the growth of the clean energy technologies market in China during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.